(Updated 26 Oct 2026) Best Singapore Fixed Deposit Rates and Savings Accounts

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Maximise Your Earnings: Top Bank Savings and Deposit Rates in Singapore

Earn high interest with select bank savings and fixed or time deposit accounts. This guide provides an in-depth look at the most competitive rates available.

Understanding the inherent stability of deposits is crucial. Unlike other financial instruments that are subject to market fluctuations, fixed deposits are generally low-risk. They give high assurance that your capital remains intact, providing peace of mind and a reliable safety net for your hard-earned money.

Please note that all promotional offers mentioned herein are subject to specific terms and conditions and may change at any time. You are advised to thoroughly review these stipulations before signing up or placing funds. Mistakes and typos may happen, please do your due diligence and verify before committing.

This guide covers several low-risk cash options in Singapore:

• Fixed/Time Deposits: Place funds for a set tenor (often requires fresh funds for promo rates).
• Incremental Balance (“Fresh Funds”) Promotions: Earn promo rates by increasing average/eligible balances versus a reference month.
• ‘Deposit and Forget’ High-Yield Savings Accounts: Accounts without salary crediting/card spend/GIRO requirements (but may still have tiers or balance conditions).

The term ‘fresh funds’ generally refers to money transferred into the bank account from outside-the-bank sources. Refer to the bank T&Cs for exact definitions as it may vary.

Click on a link to jump to a specific section

1. Best Fixed Deposit Promotions
2. Best Fresh Funds Promotions
3. Best ‘Deposit and Forget’ High-Yield Savings Accounts
4. Best Debit/Credit Cards For Foreign Currency and Overseas Usage
5. Bank Referral Codes
6. Revision History

Best Fixed Deposit Promotions

These fixed deposit schemes may require fresh funds to qualify for the advertised rates. These promotions offer the overall best interest rate (most of the time) if you don’t have the need to access your funds for the specified terms.

FAQ: Which bank is offering the very best fixed deposit rate? It depends on the tenor, amount, fund freshness and customer tier. The highest rate for 1-mth, 3-mth, 6-mth and 12-mth tenors assuming max funds, fresh funds and standard retail customer tier are indicated below for your convenience.

1. UOB Singapore fixed deposit offers up to 1.70% p.a. promo rates from 23 Sep 2026
2. MariBank 1.08% 1-mth, 1.28% 3-mth, 1.38% 6-mth, 1.48% 12-mth (min $100 for all tenors) as of 25 Sep 2026
3. State Bank of India S’pore SGD Time Deposit Promo Offers Up to 1.75% p.a. from 2 Oct 2026
4. RHB Bank S’pore Fixed Deposit Promo Rates Up To 2.2% p.a. from 9 Oct 2026 HIGHEST 12-mth (2.1%)
5. ICBC Singapore Fresh Funds Promo FD offers up to 1.85% p.a. from 12 Oct 2026
6. Bank of East Asia 2% p.a. 6-mth and 2.05% 12-mth (min $100k) from 13 Oct 2026
7. Standard Chartered S’pore 12-Month Time Deposit Up To 2% p.a. from 13 Oct 2026
8. HL Bank S’pore Up to 2.15% p.a. Fixed Deposit Promo Rates from 14 Oct 2026
9. SingFinance Fresh-Fund Fixed Deposit Offers Up To 1.8% p.a. from 16 Oct 2026 HIGHEST 1-mth (1.3%)
10. CIMB Singapore SGD fixed deposit rates offer up to 2.15% p.a. from 17 Oct 2026 HIGHEST 12-mth (2.1%)
11. OCBC S’pore Fixed Deposit Rates Up To 1.85% p.a. as of 21 Oct 2026
12. Maybank S’pore standalone SGD Time Deposit rates now up to 2.1% p.a. from 23 Oct 2026 HIGHEST 6-mth (2.1%), 12-mth (2.1%)
13. Bank of China S’pore Latest Time Deposit Offers Up To 2.1% p.a. from 26 Oct 2026 HIGHEST 3-mth (1.6% to 1.75%), 6-mth (2.1% min $200k), 12-mth (2.1%)

The following offers may have deposit limits, don’t support FAST transfers and/or may have other restrictions

1. Singapura Finance Vivid Fixed Deposit 1.98% 12-mth, 18-mth, 24-mth (min $10k, max $100k) as of 13 Oct 2026
   • FAST transfers don’t appear to be supported
2. DBS/POSB SGD fixed deposit offers up to 1.0% p.a. as of 17 Oct 2026
   • Max $20k per person for the 1.0% rates
3. (Not a FD) Singapore Savings Bonds Up to 2.45% p.a. 10-Year Average Return in Latest Issue, Apply by 27 Oct
   • Max $200,000 per individual across cash and SRS accounts
   • Application via supported major banks only
   • SSB is a government bond, not a bank fixed deposit / time deposit

The following offers are not SDIC insured (subject to underlying bank risk)

1. Syfe Cash+ Guaranteed up to 1.55% p.a. (as of 16 Oct)
   • Capital/returns are guaranteed subject to underlying bank risk; not a bank deposit

Best Fresh Funds Promotions

Such promotions offer flexibility, allowing you to access your funds without the restrictions commonly associated with fixed deposits. Withdrawals are permitted, but may lower the incremental average balance and reduce promotional interest.

1. Maybank SG Offers Up To 2% p.a. fresh funds top-up promo till 31 Oct 2026
2. Standard Chartered S’pore e$aver fresh funds promo offers up to 1.8% p.a. till 30 Nov
3. CIMB S’pore Earn Up To 2.88% p.a. on Fresh Funds Till 31 Oct

Best ‘Deposit and Forget’ High-Yield Savings Accounts

These High-Yield Savings Accounts (HYSA) DO NOT have any of these requirements: salary crediting, GIRO payments, bill payments, purchase of investment / insurance / wealth products and/or minimum card spending to enjoy the interest rates.

They MAY have conditions such as minimum balance requirement to achieve max interest rate (most accounts except MariBank), tiered interest rates (most accounts except MariBank) and maintaining the monthly average balance (UOB Stash). You can place funds and leave them there to accumulate compounding interest, but note that banks may revise mechanics. Some banks may also have inactivity/dormant clauses.

These allow you to withdraw the funds anytime and do not require any regular action from your end to earn the interest.

1. CIMB Up to 1.58% p.a. with FastSaver on first $75k
   • Max effective interest rate 1.0533% p.a. with $75k
   • i.e. $25K 0.5%, $50K 0.79%, $75K 1.053%, $100K 0.915%…
2. CIMB Up to 1.58% p.a. with StarSaver
   • Max effective interest rate 1.397% with $1m
   • i.e. $100K 0.5%, $200K 0.79%, $300K 0.97%, $400K 1.123%, $500K 1.214%, $600K 1.275%, $700K 1.319%, $800K 1.351%, $900K 1.377%, $1M 1.397%, $1,100K 1.343%…
3. MariBank Mari Savings Account flat 0.88% p.a.
   • Use MariBank referral code 8ZEF70CP when signing up to enjoy additional rewards. More info here
4. RHB High Yield Savings Plus Account up to 1% p.a.
   • i.e. 50k – 0.7%, 100k – 0.775%, 200k – 0.8875%, 400k – 0.9438%, 500k – 0.9550%, 1m – 0.9775%…
5. UOB Stash Account earn up to 2% p.a. interest on first $100k
   • Monthly Average Balance must not decrease (one way is to deposit once, and don’t withdraw the monthly interest)
   • Maximum Effective Interest Rate for $100,000 is 1.505% p.a.
   • i.e. $10K 0.050%, $20K 0.725%, $30K 0.950%, $40K 1.063%, $50K 1.170%, $60K 1.242%, $70K 1.293%, $80K 1.381%, $90K 1.450%, $100K 1.505%, $130K 1.169%…
6. HL Bank iSavings Account earn up to 1.08% p.a.
   • Maximum Effective Interest Rate is 1.055% for $3m
   • i.e. $100K 0.744%, $200K 0.712%, $300K 0.835%, $400K 0.896%, $500K 0.933%, $800K 0.988%, $1M 1.006%, $1,500K 1.031%…
7. Sing Investments & Finance Gosavers Account up to 1.3% p.a.
   • Max effective interest rate 1.3% p.a. with $250,000
   • i.e. $10k 1.3%, $50k 1.3%, $100k 1.3%, $250k 1.3%, $300k 1.297%, $400k 1.293%, $500k 1.292%, $750k 1.295%, $1m 1.296%…
8. Standard Chartered JumpStart Account 0.5% p.a. on first $50,000
   • Must be age 18 – 26 at sign-up
   • Account won’t be closed after you get older than 26
9. BOC SuperSaver up to 1% p.a.
   • Account must be linked to PayNow and have min ADB of $3,000 to earn bonus interest
   • Max effective interest rate 0.82% p.a. with $100,000
   • i.e. $20K 0.5%, $40K 0.65%, $60K 0.7%, $80K 0.775%, $100K 0.82%, $120K 0.767%, $140K 0.729%, $160K 0.7%…
10. Maybank iSAVvy Savings Account up to 0.8%
    • Max effective interest rate 0.80% with $200,000
    • i.e. $10k 0.05%, $50k 0.20%, $100k 0.20%, $150k 0.20%, $200k 0.80%, $250k 0.80%, $300k 0.80%

These accounts are not ‘set-and-forget’ products, as interest rates drop when balances exceed the specified threshold.

1. Hong Leong Finance Premium SAVER Account up to 1.2% p.a. (⚠ lower rates at or above S$200,000 ⚠)
   • Max effective interest rate 1.2% with $199,999.99 (At $200k, the rate drops to 1.08% p.a. on the entire balance)
   • i.e. $500 – $100K 1.2%, $300K 1.08%, $500K 1.08%, $900K 1.08%, $1M 0.88%, $1,100K 0.88%..
2. Singapura Finance Vivid Savings Account up to 1.28% p.a. on first $200k (⚠ lower rates if exceed $200k ⚠)
   • Max effective interest rate 1.28% with $200,000
   • i.e. $5K 0.60%, $10K 0.60%, $10K.01 1.28%, $20K 1.28%, $50K 1.28%, $100K 1.28%, $150K 1.28%, $199K 1.28%, $200K 1.28%, $200K.01 0.60%, $250K 0.60%

Best Debit/Credit Cards For Foreign Currency and Overseas Usage

These cards may help you avoid bank foreign transaction fees of up to 3.25% that can apply when you use some cards overseas or with overseas-based merchants. Actual savings vary based on FX rates, provider spreads/markups (e.g., weekends), plan tier, and the currency used.

1. Trust Bank Debit/Credit
   • Local bank with good exchange rates, funds earn interest, no annual fee
   • Freedom credit card offers 0.5% cashback for foreign spend (3% cashback capped at $500 per quarter if using stockback option till Dec 2026)
   • Use Trust Bank referral code QP4KSSYY when signing up
2. MariBank Debit/Credit Card
   • Local bank with good exchange rates, funds earn interest, no annual fee
   • 0.5% (Debit) / 1.5% (Credit) cashback for local and overseas spends. Max $1,500 overseas spend per month eligible for overseas cashback
   • Use MariBank referral code 8ZEF70CP when signing up to enjoy additional rewards. More info here
3. Youtrip Debit
   • Good exchange rates (you can exchange selected currencies in advance), no annual fee
   • Funds do not earn interest
   • Use this Youtrip referral link to get $5
4. Wise Debit
   • Good exchange rates (you can exchange selected currencies in advance), no annual fee
   • Hold over 40 currencies to convert and send money
   • Funds do not earn interest unless placed in an at-risk account
5. Revolut Debit
   • Good exchange rates (you can exchange selected currencies in advance), no annual fee unless using non-Standard plans
   • Note: Extra 1% currency conversion fees on weekends under free plan
   • Funds do not earn interest unless placed in an at-risk account

Bank Referral Codes

Use these referral codes to unlock extra rewards when signing up for the banks below – and we earn a commission for each successful referral. Please note that referral mechanics and T&Cs may change anytime but we do our best to keep the list updated

1. MariBank
   • Use referral code 8ZEF70CP when signing up to enjoy additional rewards. More info here
2. Standard Chartered
   • Selected Cards & Products – Sign up selected products with referral code 62C5B and be rewarded. More info here
   • Priority Banking Referral Programme – Receive a sign-up reward as mentioned here. Min $200k qualifying assets required. As we need to manually refer you, provide your full name, mobile number, email address and nationality here for us to refer you. The information submitted will only be used for submission in the form here.
3. Trust Bank
   • Use Trust Bank referral code QP4KSSYY when signing up. More info here
   • Get guaranteed cashback reward ranging from a minimum of $5 to up to $1,000 (As of May 2026)
4. Youtrip
   • Use this Youtrip referral link to get $5.
5. Aspire Business Account
   • $0 monthly fees, $0 initial deposit, $0 minimum balance
   • Earn $200 when you complete a single Aspire card purchase of at least $5 on a qualified merchant (as of 30 Jan)
   • Use referral code RYUWR4XP here

Revision History

Here are the last few changes by most recent first. Increase/Decrease refers to whether the returns have generally increased or decreased.

26 Oct 2026

• Fixed Deposit: Bank of China (increase)

23 Oct 2026

• Fixed Deposit: Maybank (increase)

21 Oct 2026

• Fixed Deposit: OCBC (increase)

17 Oct 2026

• Fixed Deposit: CIMB (increase)

16 Oct 2026

• Fixed Deposit: SingFinance (increase)

15 Oct 2026

• Fixed Deposit: HL Bank (increase)

13 Oct 2026

• Fixed Deposit: Maybank (increase), Bank of East Asia (increase), Standard Chartered (increase), Singapura Finance Vivid Fixed Deposit (decrease)

12 Oct 2026

• Fixed Deposit: Bank of China (increase), ICBC (increase)

9 Oct 2026

• Fixed Deposit: RHB (increase), Standard Chartered (decrease)

5 Oct 2026

• Fixed Deposit: Bank of China (increase)

2 Oct 2026

• Fixed Deposit: State Bank of India (increase), CIMB (increase), Bank of East Asia (increase)
• Fresh Funds: CIMB (increase), Standard Chartered (increase)

1 Oct 2026

• Fixed Deposit: OCBC (increase), CIMB (increase), Standard Chartered
• Fresh Funds: CIMB (increase), Standard Chartered (increase)

29 Sep 2026

• Fixed Deposit: Singapura Finance Vivid Fixed Deposit (increase), ICBC (increase)

28 Sep 2026

• Fixed Deposit: RHB (increase), Bank of China (increase)

24 Sep 2026

• Fixed Deposit: Maybank (increase), HL Bank (increase)

23 Sep 2026

• Fixed Deposit: UOB (increase)

22 Sep 2026

• Fixed Deposit: Singapura Finance Vivid Fixed Deposit (increase)

21 Sep 2026

• Fixed Deposit: CIMB (increase), Bank of China (increase)

19 Sep 2026

• Fixed Deposit: SingFinance (increase)

17 Sep 2026

• Fixed Deposit: Maybank (increase), HL Bank (increase), Bank of East Asia (increase)
• Fresh Funds: Maybank (increase)

15 Sep 2026

• Fixed Deposit: SingFinance (increase)

14 Sep 2026

• Fixed Deposit: Bank of China (increase), Singapura Finance Vivid (increase)

11 Sep 2026

• Fixed Deposit: RHB Bank (increase)

9 Sep 2026

• Fixed Deposit: UOB (increase)

8 Sep 2026

• Fixed Deposit: SingFinance (increase)

5 Sep 2026

• Fixed Deposit: HL Bank (increase)

3 Sep 2026

• Fixed Deposit: SingFinance (increase)

1 Sep 2026

• Fixed Deposit: Singapura Finance (decrease), SSB (increase), Bank of East Asia (increase), OCBC (increase)
• Fresh Funds: Maybank (same), CIMB (new)

28 Aug 2026

• Fixed Deposit: Standard Chartered (increase)

26 Aug 2026

• Fixed Deposit: ICBC (increase)

25 Aug 2026

• Fixed Deposit: HL Bank (increase)

18 Aug 2026

• High-Yield Savings Account: Sing Investments & Finance Gosavers Account (increase)

17 Aug 2026

• Fixed Deposit: Bank of China (increase)

12 Aug 2026

• Fixed Deposit: UOB (increase), Singapura Finance Vivid Fixed Deposit

10 Aug 2026

• Fixed Deposit: Bank of China (increase)

7 Aug 2026

• Fixed Deposit: CIMB (increase)

4 Aug 2026

• Fixed Deposit: Bank of East Asia (increase), Standard Chartered

3 Aug 2026

• Fixed Deposit: SSB (increase)

1 Aug 2026

• Fixed Deposit: CIMB (increase), RHB (increase), HL Bank (increase), SingFinance (increase)
• Fresh Funds: Standard Chartered (increase)

29 Jul 2026

• Fixed Deposit: ICBC (increase)

22 Jul 2026

• Fixed Deposit: Maybank (increase), Bank of East Asia (increase), OCBC (increase)

20 Jul 2026

• Fixed Deposit: Bank of China (increase)

13 Jul 2026

• Fixed Deposit: Bank of China (mix)

10 Jul 2026

• Fixed Deposit: Maybank (increase)

1 Jul 2026

• Fixed Deposit: CIMB (increase), UOB (increase), SSB (decrease), ICBC (increase)
• Fresh Funds: Maybank (increase)

The information contained in this article is for informational purposes only and does not constitute financial advice. We are not a licensed or accredited financial advisor. Before making any financial decisions, including those involving fixed deposits, please consult with a qualified financial professional and refer to the latest guidelines issued by the Monetary Authority of Singapore (MAS). The views expressed here are solely our own and do not represent the opinions of any regulated financial institution. We accept no liability for any loss or damage incurred as a result of the use of this information.

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